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14 December, 05:38

The specific unit or organization for which accounting information is accumulated and reported is called the

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  1. 14 December, 08:15
    0
    Answer:Accounting Entity

    Explanation: An Accounting entity is a corporation or sole proprietor who prepares and maintains separate books of recording all its transactions which are its assets and liabilities for a period of time.

    An accounting entity maintains and provide detailed accounting information useful to the owners of the business and its investors.

    A separate books of account must be maintained for different entities.
  2. 14 December, 09:05
    0
    Entity

    Explanation:

    he specific unit or organization for which accounting information is accumulated and reported is called the Entity
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